Impact Partnership Wealth LLC Buys 289 Shares of W. P. Carey Inc. (NYSE:WPC)

Impact Partnership Wealth LLC increased its position in W. P. Carey Inc. (NYSE:WPCFree Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,299 shares of the real estate investment trust’s stock after acquiring an additional 289 shares during the quarter. Impact Partnership Wealth LLC’s holdings in W. P. Carey were worth $452,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in W. P. Carey by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,573,938 shares of the real estate investment trust’s stock valued at $284,426,000 after purchasing an additional 127,477 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of W. P. Carey by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,598,618 shares of the real estate investment trust’s stock worth $161,894,000 after buying an additional 103,147 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in W. P. Carey by 660.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust’s stock valued at $127,969,000 after buying an additional 1,784,131 shares during the period. JPMorgan Chase & Co. grew its position in W. P. Carey by 21.1% during the third quarter. JPMorgan Chase & Co. now owns 1,514,049 shares of the real estate investment trust’s stock worth $94,325,000 after buying an additional 264,230 shares in the last quarter. Finally, Equity Investment Corp increased its stake in W. P. Carey by 0.7% in the 3rd quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust’s stock worth $92,305,000 after acquiring an additional 9,610 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Wall Street Analyst Weigh In

WPC has been the subject of several research analyst reports. UBS Group dropped their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. JMP Securities reiterated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. Scotiabank lowered their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $63.00 price objective (up from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Finally, Barclays reissued an “underweight” rating and set a $59.00 price objective (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.43.

View Our Latest Research Report on WPC

W. P. Carey Trading Up 0.8 %

NYSE WPC opened at $55.24 on Friday. The firm has a market cap of $12.09 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.00 and a beta of 0.97. W. P. Carey Inc. has a 1-year low of $52.91 and a 1-year high of $64.81. The stock has a 50-day moving average of $55.53 and a 200-day moving average of $57.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey (NYSE:WPCGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The company had revenue of $394.78 million during the quarter, compared to the consensus estimate of $377.43 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that W. P. Carey Inc. will post 4.49 EPS for the current year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is 138.58%.

W. P. Carey Profile

(Free Report)

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.

See Also

Institutional Ownership by Quarter for W. P. Carey (NYSE:WPC)

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